Key Takeaways
- XRP currently trades near $1.36, struggling beneath its 50-day, 100-day, and 200-day exponential moving averages
- This week brought $12.57 million in new spot XRP ETF inflows, pushing total cumulative inflows to $1.39 billion
- Binance XRP reserves declined from 2.78 billion to 2.74 billion tokens, indicating holders are withdrawing assets from exchanges
- On May 20, the XRP Ledger witnessed 4,300 new wallet creations within 24 hours — marking 2026’s fourth-highest daily growth surge
- The token trades 62% beneath its July 2025 multi-year peak of $3.66, with critical resistance barriers positioned between $1.40 and $1.55
XRP is currently hovering around the $1.36 price level following an unsuccessful attempt to breach $1.39 resistance on Thursday. While the digital asset maintains position slightly above the crucial short-term support zone at $1.35, the overall market momentum continues to face downward pressure.
The current price action reveals positioning beneath three critical exponential moving averages. The 50-day EMA stands at $1.41, while the 100-day EMA rests at $1.48, and the 200-day EMA sits at $1.70. Market analysts suggest this overhead resistance structure creates significant obstacles for any substantial upward movement.
The daily Relative Strength Index (RSI) currently registers near 42, indicating mild bearish momentum without reaching oversold conditions. Meanwhile, the MACD histogram remains in negative territory, confirming short-term selling dominance.
Should XRP fail to hold the $1.35 threshold, market participants are eyeing the $1.30 level as the next potential support zone where buying interest could materialize.
Institutional Capital Continues Flowing Into XRP Products
While price performance remains subdued, institutional investment vehicles continue attracting fresh capital. Through Thursday, spot XRP exchange-traded funds recorded $12.57 million in aggregate inflows for the week, representing the third consecutive week of positive fund flows.
Total cumulative inflows have now reached $1.39 billion, with assets under management standing at $1.15 billion. Thursday’s session alone contributed $8.8 million in net inflows, extending the streak to 12 consecutive trading days of positive ETF activity.
United States-based spot XRP ETFs currently control approximately 1.34% of the token’s circulating supply. Throughout May, these investment products have accumulated roughly $107.3 million in fresh capital.
Concurrently, Binance exchange reserves for XRP decreased from May’s peak of 2.78 billion tokens to 2.74 billion. Market observers frequently interpret declining exchange balances as constructive, suggesting investors are transferring assets to private wallets rather than positioning for liquidation.
On-Chain Metrics Show Sharp Increase in Wallet Creation
Blockchain analytics revealed a notable surge in XRP Ledger engagement on May 20. The network registered 4,300 newly created wallets during a 24-hour window — representing 2026’s fourth-largest single-day expansion according to Santiment. Simultaneously, daily active addresses climbed from 32,000 to 43,520 during the same timeframe.
Crypto analyst Amonyx highlighted this development, questioning whether it signals an impending trend reversal. Santiment’s research indicates that “network growth ranks among the most reliable leading indicators for identifying reversals.” Analyst Niroshan682 emphasized that accelerated wallet creation frequently serves as an early indicator of renewed network engagement, particularly when coinciding with strengthening ETF inflows and institutional adoption.
Nevertheless, substantial overhead resistance continues limiting upside potential. According to Glassnode cost-basis analysis, investors currently hold approximately 3.75 billion XRP with average acquisition costs ranging from $1.37 to $1.45. This concentration could trigger selling pressure as prices approach break-even thresholds for these holders.
A secondary resistance cluster exists at $1.68–$1.70, where roughly 3.8 billion XRP was accumulated. The token currently trades 62% below its July 2025 peak of $3.66.
For bullish momentum to gain traction, XRP requires a decisive breakout above the $1.40–$1.55 range to validate an escape from the present consolidation structure. Thursday’s $8.8 million ETF inflow represented the week’s most encouraging data point amid otherwise sideways price movement.
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